Altice Europe’s shareholders have at an EGM approved Patrick Drahi’s buy-back of the remaining shares in the company.
Altice Europe has conditionally agreed to a public offer of around €2.5 billion from Next Private, a company controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe.
Altice USA has completed its official separation from its parent Altice, which is listed on the Amsterdam stock exchange.
Altice said it plans to separate Altice USA from Altice NV to be effected by a spin-off of Altice NV’s 67.2% interest in Altice USA.
Patrick Drahi’s Altice is looking to take complete control of the French telecoms group SFR.
French operator Numericable-SFR is dropping the Numericable and Virgin brands in order to bring all activities in France under the SFR brand.
Alain Weill, chairman, CEO, founder and main shareholder of NextRadioTV, and Patrick Drahi, chairman and founder of Altice have signed a strategic partnership.
UPDATE: John Malone’s Charter Communications has entered into an agreement purchase Time Warner Cable (TWC) in a deal that values the latter at $78.7 billion.
Plans by the billionaire Patrick Drahi’s Altice cable group to acquire Portuguese Telecom are likely to bring an end to the tie up with Brazilian carrier Oi.
Hot Cable Systems, the Israeli cablenet at the centre of a takeover by the French businessman Patrick Drahi, has reported a net loss of NIS 16 million for the third quarter of 2009.